Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Short Interest Report for October

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 47,397 shares, a decrease of 46.6% from the September 30th total of 88,702 shares. Based on an average daily trading volume, of 100,810 shares, the short-interest ratio is presently 0.5 days.

Nuveen AMT-Free Municipal Value Fund Price Performance

NUW traded down $0.04 on Monday, hitting $13.70. 46,365 shares of the company’s stock were exchanged, compared to its average volume of 54,674. The stock has a fifty day moving average of $13.40 and a two-hundred day moving average of $14.03. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $12.70 and a twelve month high of $14.70.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0485 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its position in shares of Nuveen AMT-Free Municipal Value Fund by 3.6% during the second quarter. Van ECK Associates Corp now owns 150,849 shares of the company’s stock worth $2,169,000 after acquiring an additional 5,184 shares during the last quarter. Bank of America Corp DE bought a new stake in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $2,412,000. Bank of New York Mellon Corp bought a new stake in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $902,000. 49 Wealth Management LLC bought a new stake in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $399,000. Finally, Magnolia Capital Advisors LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at about $196,000.

Nuveen AMT-Free Municipal Value Fund Company Profile

Nuveen AMT-Free Municipal Value Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NUW. The fund seeks to provide current income exempt from regular federal income tax, with capital appreciation as a secondary objective.

The fund invests primarily in municipal securities issued by states, cities, counties, and other public entities across the United States. Its portfolio may include bonds used to finance public infrastructure and services, such as schools, transportation systems, utilities, health care facilities, and other governmental or community projects.